Why you shouldn't stay at the same company for too long (3 reasons) #6

Summary

This video discusses the crucial decision of whether to stay at the same company or move on in your career. It highlights key questions to consider, such as opportunities for income growth, learning, and personal fulfillment. The speaker encourages self-reflection on career intentions and long-term goals, advising viewers to evaluate their current job's growth potential and whether their work provides meaning. Ultimately, if growth or fulfillment is lacking, it may be time to explore new opportunities. The message stresses that it's never too late to make a career change, even through small improvements.

Takeaways

• 😀 Determine your career goals and vision to assess whether staying at a company is right for you.
• 😀 Ask yourself if there's potential for income growth within your current company.
• 😀 Evaluate whether you are learning new skills and experiencing a fast growth curve.
• 😀 Consider whether you are becoming too dependent on your company, limiting your ability to grow elsewhere.
• 😀 If you're on a fast promotion track, it might be worth staying longer to capitalize on growth and learning.
• 😀 If your work is fulfilling and meaningful, other factors like income may become secondary.
• 😀 If you're making an impact and feel your work is purposeful, staying might be the right choice.
• 😀 Stay at a company if you're gaining a high learning curve and valuable experience.
• 😀 If you're questioning whether it's time to move on, assess the opportunities for growth in terms of income and learning.
• 😀 No matter your age or stage in your career, small changes can lead to significant improvements, and it's never too late to shift your path.

Q & A

What are the two main scenarios where staying at the same company could make sense?

The two main scenarios are: 1) If you're on a fast promotion track with rapid growth opportunities and a fast learning curve. 2) If your work is truly fulfilling and meaningful, providing purpose and impact, even if other factors like income growth are not as high.

Why is a fast learning curve considered a reason to stay longer at a company?

A fast learning curve presents an opportunity to acquire more knowledge and skills, allowing you to grow rapidly in your career. If you're learning quickly and advancing, staying longer can help you maximize that growth.

What role does job fulfillment play in the decision to stay at a company?

Job fulfillment plays a significant role because if the work provides meaning and purpose, you may prioritize this over financial gains or career advancement. The impact your work has on others’ lives can make it more rewarding to stay, regardless of other factors.

What should you do if you’re questioning whether to stay at your current company?

If you're unsure about staying, evaluate if there are opportunities to grow your income, learn more, and assess if you’re becoming too dependent on the company. Also, consider whether you're on a fast promotion track or if your work is meaningful to you.

How important is it to determine your career vision when deciding whether to stay at a company?

Determining your career vision is essential because it helps clarify what you want from your career. Without a clear vision, it’s difficult to make informed decisions about whether to stay at a company or explore new opportunities.

What are the two exceptions that could justify staying at a company for a long time?

The two exceptions are: 1) If you're experiencing rapid career growth and have the opportunity to learn and advance quickly. 2) If your work is highly fulfilling and meaningful, providing purpose beyond just financial or career advancement.

How does becoming too dependent on a company affect your career decisions?

Becoming too dependent on a company can limit your career flexibility and growth. It may make it harder to move on when necessary and can prevent you from pursuing opportunities that offer better growth or alignment with your goals.

Why is it important to ask yourself whether you're on a fast promotion track?

It’s important because being on a fast promotion track suggests that the company offers opportunities for rapid career progression and learning. If you're advancing quickly, staying longer could be beneficial for career growth.

What does the speaker mean by making a 'tiny change' in your career?

The speaker means that even small changes in your career, such as shifting roles or focusing on new skills, can lead to improvement. Even a 1% or 5% change can make a difference and enhance your overall career satisfaction.

What advice does the speaker give about making career changes at different ages?

The speaker advises that it's never too late to make a career change, whether you're 20, 30, 40, or even 60 or 70. Even small changes can lead to career improvement, and it's always possible to shift toward something better.